iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,425 Blog Posts

Now This is My Sort of Sordid Market

I feel like the Devil on here, always prognosticating doom. But the voices inside of my head tell me to say these things.

Pardon the lack of news on the site today. There was a lot of things to cover, such as J. Boehner calling Rafael Cruz ‘Lucifer in the Flesh’ and what not. But I’ve been a little busy dealing with some things, which have–inexorably– led to this.

Say, for example, someone put a shotgun to my head, demanding to know where I thought the markets would be by X-mas. Although reticent to work under such undue pressures, finally, I’d succumb and offer my advice. Without question, I’d say we’d be 30% lower from where we are today. See, that’s the statement of a madman, one steeped with bedlam, from a man wholly interested in seeing everything rip from its roots.

This is all true, but for good and just reasons.

Markets will knife lower. When it does, you will all flock to these halls hoping for a ride on my ark, at which point I will hit you with my solid oak oars and tell you to be gone.

Back to reality, the SPY is lower by 0.35% and the whole centaur on the NYSE dream of mine is nothing more than fantasy.

To dream is to live, is it not?

If you enjoy the content at iBankCoin, please follow us on Twitter

6 comments

  1. dragun

    Interestingly, I have a leveraged ETF portfolio that is down 60bps today, but there’s still half an hour to go. Unleveraged is down 26bps.

    a lot of whipsaw today cathcing people flat footed.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. infinitezuul

    Fly, you will find this interesting: http://www.reuters.com/article/us-usa-election-trump-wealthy-idUSKCN0XP1A1

    You may also find it interesting that markets are tanking, off by more than when you penned this article.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. stringtheory

    All of this after I capitulated on XOP and XLE puts this morning after bleeding all week…blast! Just couldn’t get out of my own way.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. brvalentine

    Brotha Fly, would that be you sporting the Suede open toe varietal sandals on the Ark?

    • 0
    • 0
    • 0 Deem this to be "Fake News"